Lenny, age 12, has $5,500 interest income from a trust established by his uncle. This is Lennys

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Lenny, age 12, has $5,500 interest income from a trust established by his uncle. This is Lenny’s only source of income for 2018.
a. What is Lenny’s taxable income and how much income tax does he owe?
b. How would your answers change if Lenny were age 24?

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Taxation For Decision Makers 2019

ISBN: 9781119497288

9th Edition

Authors: Shirley Dennis Escoffier, Karen A. Fortin

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